Noel Tata to Lead Tata Trusts After Ratan Tata's Passing

Mumbai, October 11: Following the passing of Ratan Tata, Noel Tata has been unanimously chosen as the new chairman of Tata Trusts. The decision was made during a meeting held in Mumbai on Friday, marking a significant leadership transition within the Tata Group.

Official sources have confirmed that Noel Tata, the half-brother of the late Ratan Tata, has been unanimously selected to chair the Tata Trusts. These trusts hold a controlling stake in Tata Sons, the primary holding company of the Tata Group.

Noel Tata is currently the chairman of several group companies, including Tata International Limited, Voltas Limited, and Tata Investment Corporation Limited. He also serves as the vice-chairman of Titan Company. Given his deep family ties and involvement in multiple Tata Group companies, Noel was seen as a strong candidate to continue the Tata legacy.

Already serving as a trustee of the Sir Dorabji Tata Trust and the Sir Ratan Tata Trust, which hold significant stakes in Tata Sons, Noel Tata was well-positioned for this leadership role. These trusts collectively control 66% of Tata Sons, the core holding company of the $130 billion Tata Group, managing diverse sectors ranging from automobiles to aviation.

Noel Tata's appointment follows the passing of 86-year-old Ratan Tata, who served as the honorary chairman of Tata Sons and headed Tata Trusts. Tata Trusts is managed by a board of 13 trustees and is considered one of India's foremost charitable institutions.

It is noteworthy that Tata Trusts play a pivotal role in the governance of the Tata Group, controlling a 66% stake in Tata Sons. Through their philanthropic initiatives, these trusts donated approximately ₹456.42 crore (about $56 million) during the fiscal year 2022-23.